At what level should data reported on the BE-120 be consolidated?

Data reported on the BE-120 should be consolidated and reported at the top U.S. reporter's level. A consolidated BE-120 will cover all of your domestic U.S. operations' transactions with unaffiliated foreign persons, and it will also cover your U.S. domestic operations' transactions with your foreign affiliates, foreign parents, and members of your foreign parent group for services and intellectual property. The BE-120 DOES NOT cover transactions by your foreign affiliates with other foreign persons.